Elon Musk announces plans to open source Grok, challenging ChatGPT
Musk's decision reflects a broader division within the tech community regarding how artificial intelligence should evolve
India inks $100bn trade deal with EFTA bloc
Agreement seeks to foster economic growth and job creation through increased exports and investments
Dubai imposes 20% tax on foreign banks
Foreign banks operating in the Dubai International Financial Centre are excluded from the tax
India’s fuel demand surges 5.7% due to booming economy
Diesel sales rise by 6%, attributed to heightened factory operations and a rising demand for truck transportation
Egypt signs $8 billion loan deal with IMF
Country implements biggest-ever interest-rate hike and allows its currency to weaken more than 38%
Saudi Arabia hikes oil prices for Asia, lowers for Europe
Prices for sales to the US kept unchanged
Dubai’s public parking company to raise $429mn in IPO
Price range for Parkin Co. set at 2 dirhams to 2.10 dirhams per share
Oil rises almost 2% as markets await OPEC+ decision
Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the...
India’s economy grows 8.4%, fastest pace in six quarters
India's economy rose 8.4% in the October-December period, the fastest pace seen in six quarters and beating all estimates, partly helped by...
Fresh sanctions pose risk to India’s Russian oil sales
Sources say that Indian refiners are concerned the latest sanctions will create "challenges" in getting vessels for Russian oil
Google hit with €2.1bn lawsuit by European publishers over ad revenue losses
The lawsuit comes at a time when Google’s core advertising business is facing an existential threat from the shift to generative AI chat
Reliance, Disney to merge India media assets to create $8.5bn powerhouse
Merged entity will have 120 TV channels and two streaming platforms
Apple cancels decade-long electric car project, source says
Apple (AAPL.O) has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after...
Bitcoin scorches past $57,000 as big buyers flock in
Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying...
Exclusive: India considers export tax on low-grade iron ore, sources say
India is considering an export tax on low-grade iron ore after small steel producers urged the government to curb its overseas sales,...